Traditional money is entering the crypto world
Citigroup announced today a partnership with Coinbase to allow institutional clients to accept payments in stablecoins. At the same time, Citi is expanding its blockchain-based international transfer services to more countries. ##crypto The Wall Street Journal
This shows an important shift:
Crypto is no longer being used only to trade crypto.
Stablecoins are starting to work as an infrastructure for payments, settlement, and the global movement of money.
And maybe this is the most interesting part:
The next big advancement in blockchain could happen in banks — not in exchanges.
The market is no longer asking “Will Bitcoin replace the financial system?” and is starting to ask:
“How much of the traditional financial system will end up running on blockchain?”
#bitcoin #CryptoNewss #Stablecoins #blockchain
Citigroup announced today a partnership with Coinbase to allow institutional clients to accept payments in stablecoins. At the same time, Citi is expanding its blockchain-based international transfer services to more countries. ##crypto The Wall Street Journal
This shows an important shift:
Crypto is no longer being used only to trade crypto.
Stablecoins are starting to work as an infrastructure for payments, settlement, and the global movement of money.
And maybe this is the most interesting part:
The next big advancement in blockchain could happen in banks — not in exchanges.
The market is no longer asking “Will Bitcoin replace the financial system?” and is starting to ask:
“How much of the traditional financial system will end up running on blockchain?”
#bitcoin #CryptoNewss #Stablecoins #blockchain